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The British Coin Forum - Predecimal.com

gold and silver prices


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Guest Peter_I'm_a_Guest
Posted

I was just looking at a London Market Statistics site & was surprised to see how cheap silver is compared to gold. The gold price was £221 per troy ounce and silver was £3.21 per troy ounce! I had always imagined that silver was more valuable than that. BTW I recently found an old coin mag from about 1971 and they were asking £6 each for sovereigns! If only they were that cheap now!

Posted
I recently found an old coin mag from about 1971 and they were asking £6 each for sovereigns! If only they were that cheap now!

That is probably why you sometimes see people on Ebay selling 10 sovereigns from a single year...lucky them!

Guest Peter_I'm_a_Guest
Posted

I suppose that £6 was quite a lot then however! I didn't start work 'till 1976 & I think that my first weekly wage was £18. When I was a lad in the sixties I got 3 old pence a week pocket money - what's that - about 1.5 new pence! that bought quite a few sweeties in those days :P

Posted

In 1973 my Dad bought his 1st ever Brand new car....a Hillman Avenger 1.5 super de lux (didn't even have carpets though....only the top of the range had that).

It was £1075 !!!!!

Today a similar car...maybe a focus?? is 12k ie approx 12x 1973 prices.

I've also got some pricing books from the late 60's early 70's and coins comparitivly were not cheap.

Especially 20 century "Key dates" the whole nation was "Checking their change"

I think there are great bargains today. :D

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